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ARTICLE · 28 JUNE 2019

LabCFTC Director Outlines Challenges In FinTech Regulation

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LabCFTC Director Daniel Gorfine outlined key challenges involved in the regulation of FinTech.

United StatesTechnology
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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LabCFTC Director Daniel Gorfine outlined key challenges involved in the regulation of FinTech. In a speech before an ISDA Legal Forum, Mr. Gorfine stated that the challenges of regulating FinTech include (i) the speed of change, (ii) new business structures that avoid traditional gatekeepers and (iii) potentially reduced obstacles to new types of competitors (e.g., technology firms) entering into financial businesses.

Mr. Gorfine said that LabCFTC addresses these challenges by (i) engaging with FinTech innovators, (ii) actively engaging with new technologies that may improve markets and (iii) collaborating with U.S. and international regulatory authorities to "share best practices around FinTech engagement."

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